This comprehensive and concise book critically examines the essential principles, practices and approaches to financial accounting, cost and management accounting, and financial management. This book is intended for the postgraduate students of management and commerce. Besides, it is equally useful for the students of engineering and technology.
The objective of this book is to assist the students and readers in developing an understanding of the theories of various branches of accounting and financial management, and to integrate the knowledge with practice in evaluating the strategic management decisions.
The book contains thirty-three chapters divided into three parts. Part A comprising ten chapters discusses the key principles and practices of financial accounting. Part B containing eight chapters explains various methods and techniques of cost and management accounting. Part C comprising fifteen chapters provides an insight into the numerous dimensions of financial management policies and practices.
This book Useful for Management & Commerce students.
Part A: Financial Accounting
1. Understanding of Financial Accounts and Statements
2. Recording Transactions in the Books of Accounts (I)
3. Recording Transactions in the Books of Accounts (II)
4. Accounting for Fixed Assets
5. Depreciation Accounting
6. Revenue Recognition
7. Bad Debts, Provision for Bad and Doubtful Debts
8. Accounting for Inventories
9. Corporate Accounting (I): Basic Concepts
10. Corporate Accounting (II): Company Final Accounts
Part B: Cost and Management Accounting
11. Cost and Management Accounting: An Overview
12. Cost Concepts, Classification of Cost and Preparation of Cost Sheet
13. Elements of Cost: Material – Labour – Overhead
14. Types and Methods of Costing
15. Marginal Costing and Cost – Volume – Profit Analysis
16. Budgeting and Budgetary Control
17. Standard Costing, Variance Analysis and Responsibility Accounting
18. Strategic Cost Management, Relevant Costing and Managerial Decision Making
Part C: Financial Management
19. Financial Management: An Overview
20. Financial Statement Analysis
21. Time Value of Money
22. Valuation of Securities
23. Risk and Return
24. Capital Expenditure Budgeting and Risk in Capital Budgeting
25. Productivity of Capital and Leverage Analysis
26. Cost of Capital
27. Capitalisation and Capital Structure
28. Working Capital Management
29. Cash and Liquidity Management
30. Credit Management: Management of Receivables (Debtors) and Payables Creditors)
31. Inventory Management
32. Source of Finance, Working Capital Financing and Banking Norms
33. Dividend Policy and Dividend Decision
Appendix 1: Future Value Interest Factor (FVIF)
Appendix 2: Future Value Interest Factor for an Annuity FVIFA
Appendix 3: Present Value Interest Factor (PVIF)
Appendix 4: Present Value Interest Factor for an Annuity PVIFA
Appendix 5: Normal Distribution
Bibliography
Index